The Tortoise Cloud Infrastructure Fund uses a passive management approach and seeks to track the total return performance of the Tortoise Global Cloud Infrastructure Index℠.

Fund Stats as of 4/25/2019:

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Market Price

$27.91

NAV

$27.83

NAV Change Dollars

$0.06

Premium/Discount

0.29%

Market Price Change Dollars

$0.05

Listing Exchange

Cboe BZX

CUSIP

56167N555

Inception Date

1/31/2019

Total Market Value

$2,791,000

Shares Outstanding

100,000

Management Fee

0.40%

Total Expenses

0.40%

We believe digital infrastructure is important to the functioning of the economy. The Tortoise Cloud Infrastructure Fund uses a passive management approach and seeks to track the total return performance of the Tortoise Global Cloud Infrastructure Index℠.

TCLD key benefits

  • The fund invests in companies that have the potential to benefit from the expected growing investments, rapid adoption and fast paced innovation of the cloud industry
    • Access to companies that provide and support cloud-based infrastructure
    • Exposure to companies that provide cloud services, cloud management software, data centers and cloud security
  • Direct exposure to companies that should benefit from the growth of the cloud
    • Users of the cloud are not included; their businesses and risks don’t align with the cloud industry
  • Market cap and liquidity filters provide a comparatively high level of liquidity

Potential Advantages for Investors

  • One 1099, no K-1s
  • No unrelated business taxable income (UBTI)
  • No leverage
  • Continuous liquidity

Fund Details

As of 4/25/2019

Total Net Assets

$2,783,032.85

Investment objective

Total Return

Fiscal Year End

November 30

Structure

Regulated Investment Company (RIC)

Daily Fund Holdings*

45 total, 4/26/2019

Security Name Stock Ticker Weight
MICROSOFT CORP MSFT 4.84%
AMAZON COM INC AMZN 4.65%
SPLUNK INC SPLK 4.63%
NETAPP INC NTAP 4.60%
CISCO SYS INC CSCO 4.57%
ALPHABET INC GOOGL 4.46%
DIGITAL RLTY TR INC DLR 4.46%
EQUINIX INC EQIX 4.45%
ORACLE CORP ORCL 4.40%
ALIBABA GROUP HLDG LTD BABA 4.27%
INTERNATIONAL BUSINESS MACHS COM IBM 4.23%
RED HAT INC RHT 4.21%
HEWLETT PACKARD ENTERPRISE CO COM HPE 4.20%
VMWARE INC VMW 4.00%
CHECK POINT SOFTWARE TECH LTD ORD CHKP 3.78%
FORTINET INC FTNT 3.43%
AKAMAI TECHNOLOGIES INC AKAM 3.17%
CITRIX SYS INC CTXS 3.05%
ATOS SE ATO FP 2.50%
OKTA INC OKTA 2.45%
F5 NETWORKS INC FFIV 2.45%
JUNIPER NETWORKS INC JNPR 2.43%
CYRUSONE INC CONE 1.53%
NUTANIX INC NTNX 1.50%
TERADATA CORP DEL TDC 1.32%
INTERXION HOLDING N.V INXN 1.21%
DROPBOX INC DBX 1.13%
CORESITE RLTY CORP COR 1.04%
J2 GLOBAL INC JCOM 1.02%
ZSCALER INC ZS 0.86%
QUALYS INC QLYS 0.72%
BOX INC BOX 0.68%
COMMVAULT SYSTEMS INC CVLT 0.65%
QTS RLTY TR INC QTS 0.63%
NETSCOUT SYS INC NTCT 0.56%
PIVOTAL SOFTWARE INC PVTL 0.35%
YEXT INC YEXT 0.31%
RADWARE LTD RDWR 0.23%
CARBONITE INC CARB 0.20%
ELASTIC N V ESTC 0.19%
CARBON BLACK INC CBLK 0.18%
Cash & Other Cash&Other 0.12%
SOLARWINDS CORP SWI 0.12%
MOBILEIRON INC MOBL 0.12%
A10 NETWORKS INC ATEN 0.10%
Weight Total 100%

*Fund holdings are not a recommendation to buy or sell a security.

All weights calculated using U.S. dollars based on the latest closing exchange rate.

Price/NAV History

59 total, 4/25/2019

Date Market Price NAV NAV Change Dollars Premium/ Discount
4/25/2019 $27.91 $27.83 $0.06 0.29%
4/24/2019 $27.87 $27.77 $-0.05 0.33%
4/23/2019 $27.88 $27.82 $0.25 0.22%
4/22/2019 $27.62 $27.57 $0.09 0.20%
4/18/2019 $27.56 $27.48 $-0.07 0.30%
4/17/2019 $27.64 $27.55 $-0.18 0.32%
4/16/2019 $27.73 $27.73 $-0.06 -0.02%
4/15/2019 $27.80 $27.79 $0.00 0.04%
4/12/2019 $27.89 $27.79 $0.25 0.37%
4/11/2019 $27.57 $27.54 $0.10 0.10%
4/10/2019 $27.50 $27.44 $0.29 0.22%
4/09/2019 $27.20 $27.15 $-0.06 0.19%
4/08/2019 $27.33 $27.21 $0.06 0.44%
4/05/2019 $27.29 $27.14 $0.20 0.55%
4/04/2019 $27.03 $26.94 $-0.25 0.30%
4/03/2019 $27.25 $27.19 $0.16 0.20%
4/02/2019 $27.10 $27.03 $0.09 0.24%
4/01/2019 $27.00 $26.95 $0.34 0.21%
3/29/2019 $26.70 $26.61 $0.30 0.35%
3/28/2019 $26.38 $26.30 $0.11 0.30%
3/27/2019 $26.29 $26.20 $-0.28 0.35%
3/26/2019 $26.45 $26.48 $0.18 -0.12%
3/25/2019 $26.31 $26.30 $-0.12 0.04%
3/22/2019 $26.53 $26.42 $-0.70 0.41%
3/21/2019 $27.14 $27.12 $0.44 0.08%
3/20/2019 $26.83 $26.68 $0.04 0.55%
3/19/2019 $26.65 $26.64 $0.06 0.04%
3/18/2019 $26.67 $26.58 $0.10 0.33%
3/15/2019 $26.52 $26.48 $0.16 0.15%
3/14/2019 $26.30 $26.32 $0.12 -0.10%
3/13/2019 $26.31 $26.21 $0.12 0.39%
3/12/2019 $26.08 $26.09 $0.03 -0.02%
3/11/2019 $26.05 $26.06 $0.53 -0.05%
3/08/2019 $25.51 $25.53 $-0.11 -0.09%
3/07/2019 $25.65 $25.63 $-0.15 0.05%
3/06/2019 $25.80 $25.79 $-0.20 0.04%
3/05/2019 $26.02 $25.98 $-0.09 0.14%
3/04/2019 $25.95 $26.08 $-0.31 -0.47%
3/01/2019 $26.52 $26.39 $0.11 0.49%
2/28/2019 $26.37 $26.27 $-0.25 0.36%
2/27/2019 $26.59 $26.53 $0.06 0.25%
2/26/2019 $26.55 $26.47 $0.04 0.32%
2/25/2019 $26.51 $26.43 $0.08 0.30%
2/22/2019 $26.39 $26.35 $0.27 0.18%
2/21/2019 $26.13 $26.08 $-0.06 0.18%
2/20/2019 $26.19 $26.14 $-0.05 0.17%
2/19/2019 $26.24 $26.19 $0.16 0.19%
2/15/2019 $26.02 $26.04 $0.13 -0.06%
2/14/2019 $25.92 $25.91 $0.16 0.04%
2/13/2019 $25.82 $25.75 $0.01 0.27%
2/12/2019 $25.78 $25.74 $0.32 0.16%
2/11/2019 $25.47 $25.42 $0.06 0.20%
2/08/2019 $25.38 $25.36 $0.19 0.08%
2/07/2019 $25.03 $25.17 $-0.28 -0.56%
2/06/2019 $25.51 $25.45 $-0.10 0.24%
2/05/2019 $25.59 $25.55 $0.25 0.16%
2/04/2019 $25.26 $25.30 $0.25 -0.16%
2/01/2019 $25.01 $25.05 $0.05 -0.16%
1/31/2019 $25.00 $25.00 $0.00 0.00%

Performance data quoted represents past performance; past performance does not guarantee future results. Like any other stock, total return and market value will fluctuate so that an investment, when sold, may be worth more or less than its original cost. Due to market volatility, current performance may be lower or higher than the figures shown.

Tortoise Global Cloud Infrastructure Index℠

Sector Allocations

As of most recent rebalance date (3/15/2019)

Top 10 Constituents

As of most recent rebalance date (3/15/2019)
Name TCLOUD Index Weight
Equinix, Inc.
4.6%
Splunk Inc.
4.6%
Microsoft Corporation
4.6%
Cisco Systems, Inc.
4.5%
Amazon.com, Inc
4.5%
Name TCLOUD Index Weight
Digital Realty Trust, Inc.
4.5%
Alphabet Inc. - Class A
4.5%
International Business Machines Corporation
4.5%
NetApp, Inc.
4.5%
Oracle Corporation
4.4%

Distribution History

Ticker Declare Ex-Date Record Date Payment Date Amount
TCLD 12/27/2019 12/30/2019 12/31/2019 1/2/2020 TBD
TCLD 9/24/2019 9/25/2019 9/26/2019 9/27/2019 TBD
TCLD 6/25/2019 6/26/2019 6/27/2019 6/28/2019 TBD
TCLD 3/19/2019 N/A N/A N/A N/A
2019 Total: $0.00